Electrosurgical Devices Market to Reach $8451.68 Million, Globally, by 2028 at 5.68% CAGR Says Brandessence Market Research

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Brandessence Market Research and Consulting Private Limited

Sep 07, 2022, 07:30 ET

LONDON, Sept. 7, 2022 /PRNewswire/ -- Global Electrosurgical Devices Market is valued at USD 5741.07 Million in 2021 and expected to reach USD 8451.68 Million by 2028 with the CAGR of 5.68% over the forecast period. Growing demand for minimally invasive surgeries and increasing adoption of technologically advanced products are some factors driving the growth of market.

Electrosurgical Devices Market Size, Share, And Trends Analysis Report By Method (Monopolar, Bipolar), By Product (Electrosurgical Generators, Active Electrodes, Dispersive Electrodes,), By Application (Hospitals, Ambulatory Surgical Centers), Industry Analysis, Trends, And Forecast, 2022-2028

Electrosurgical Devices Market Scope 

The global electrosurgical devices market are showing a decent growth in the last few years and the growth of the market is going to continue on in the coming years. The growth in the market has been driven by the factors like the growing prevalence of the chronic diseases, increase in demand for the minimally invasive procedures, innovation as well as the technological advancements in the electrosurgical instruments, increase in the number of hospitals as well as shifting the preferences towards the outpatient surgeries in the developed regions. While, it is the risks which are associated with the electrosurgical procedures, stringent regulatory framework and shortage of the surgeons are some factors which are going to restrain the growth of this market.  

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Electrosurgical Devices Market Segmentation Analysis 

The electrosurgical instruments segment is going to be the most dominant in the market and the largest share in this segment can be attributed to the higher usage volumes of the disposable and the reusable electrosurgical instruments. The general surgery segment also accounted for the biggest share in the market. There are factors like geriatric population, increase in number of the surgical centers and development of healthcare infrastructure in many emerging industries is stimulating growth of the market for the general surgery. In terms of the end user segment, it is the hospitals, clinics and ablation centers which is going to account for the largest share.  

By Method

  • Monopolar
  • Bipolar

By Product

  • Electrosurgical Generators,
  • Active Electrodes,
  • Dispersive Electrodes,
  • Other Accessories

By Application

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

Electrosurgical Devices Market Competitive Analysis  

Some of the major electrosurgical devices companies are Medtronic plc, Ethicon, Inc., Olympus Corporation, B. Braun Melsungen AG, CONMED Corporation, Boston Scientific, Smith and Nephew Plc, Erbe Elektromedizin GmbH, KLS Martin, BOWA-electronic GmbH & Co. KG, The Cooper Companies, Inc., Kirwan Surgical Products LLC, Zimmer Biomet Holdings, Inc., and Utah Medical Products Inc. The electrosurgical devices market share will be dominated by the companies which are able to get the highest amount of innovation in the products in essence making it safer for the users of the devices.  

  • Olympus Corporation
  • Medtronic
  • Ethicon US LLC
  • Boston Scientific Corporation
  • B. Braun Melsungen AG
  • CONMED Corporation
  • Erbe Elektromedizin GmbH
  • Kirwan Surgical Products, LLC
  • BOVIE MEDICAL
  • Parkell, Inc.
  • Others

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Electrosurgical Devices Market Key Drivers 

Electrosurgical devices growth drivers include the increase in the preference of the minimally invasive and the non-invasive surgical procedures over the traditional ones. The minimally invasive surgeries offer many benefits over the open surgical procedures. The advantages are shorter hospitalization time, reduced post-operative issues, faster time of recovery, reduced pain and higher efficacy. The procedures also get more economical than the traditional procedures. The laser and electrosurgical technologies are increasingly preferred over the surgical procedures for treatment of many conditions like the cardiac valve disorders, liver cancer, spine surgeries and ophthalmic disorders. These can also be attributed to the benefits procedurally over the conventional ones.  

Many advantages of the laparoscopic surgeries or minimally invasive surgeries like reduced risk of surgeries, lesser pain and lesser loss of blood or risk of infection being low and the period post operation being low which helps keep the hospital stays lowers and also saves on the cost. There are many different types of surgeries like cardiovascular, cosmetic as well as gynecological procedures, need the right precision and are sensitive to time. The electrosurgery devices like active electrodes and generators are making it easier and less time consuming for performing such procedures. The electrosurgery devices are therefore getting more popular and their demand is escalating. There are however major risks when it comes to the electrosurgical procedures which at times reduce the growth of the market.  

In the electrosurgical procedures, the higher frequency electrical currents get used for the purpose of coagulation and cutting of tissues. The heat that is produced by the electrosurgical generator might result in the electric shocks, generation of toxic gasses, thermal burns, smoke inhalation as well as infection transition in the users or patients. There are many injuries which take place during surgeries. There are scenarios where the patients often sustain burns during the laparoscopic surgeries.  

Further, the electrosurgical treatment for the patients implanted with the cardiac pacemakers as well as defibrillators may cause the failure of an implanted cardiac devices. There is also a high risk of the contamination which is associated with the electrosurgery if the proper measures aren't taken in the procedures. These factors are said to restrain the growth of this electrosurgery market.  

Electrosurgical Devices Market Key Trends  

Electrosurgical devices trends suggest that in the recent years, there is a rise in the government funding for the development of advanced medical treatments. Major focus of the government bodies is to improve the healthcare infrastructures, including the critical care infrastructure with respect to their healthcare systems and that is going to increase the growth of the markets such as the electrosurgery market.  

There is production of surgical smoke by the destruction of tissues by use of lasers or the electrosurgical devices. Not just the nuisance factor of the surgical smoke but the repulsive odor may obstruct the view of the surgeon at a surgical site. It also contains the toxic gases, particulates, vapors, viable and non-viable cellular material, bacteria and viruses. The transmission of the HPV through surgical smoke also takes place. Many hundred thousand of health works such as nurses, surgeons and technologists get exposed to the surgical smoke every year. There are acute health effects of the exposure to the surgical smoke including the eye, throat and nose irritation, cough, nasal congestion, Asthma and Asthma like symptoms. However, the inventions such as the smoke evacuation pencils and systems are going to address this challenge.  

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Electrosurgical Devices Market Regional Analysis 

Electrosurgical devices statistics suggest that the North American region is going to account for the biggest share of the electrosurgery market. The growth in prevalence of chronic diseases and increase in demand for the minimally invasive procedures in this region is going to increase the demand for the market along with technological advancement in the electrosurgical instruments, increase in number of clinics, hospitals and ambulatory surgical centres as well as the shift in preference towards the outpatient surgeries are major drivers which propel the growth in the North American market.  

On Special Requirement Electrosurgical Devices Market Report is also available for below region:

North America

  • U.S., Canada

Europe

  • Germany, France, U.K., Italy, Spain, Sweden, Netherlands, Turkey, Switzerland, Belgium, Rest of Europe

Asia-Pacific

  • South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC

Latin America

  • Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America

Middle East and Africa

  • Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA

Get Full Access of all Report: https://brandessenceresearch.com/medical-device/global-electrosurgical-devices-market-size

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